Browsing: GASB

The standard-setting board seeks comments on the design of the GASB-GAAP Taxonomy, one pathway to digitizing governments’ annual comprehensive financial reports without changing existing GASB reporting requirements.

Subsequent events can be easy to overlook until financial statements are nearly complete — but under GASB Statement No. 105, state and local governments may need to take a closer look at when their evaluation period ends and what should be disclosed.

GASB Statement No. 103 (GASB 103), Financial Reporting Model Improvements, refines the financial reporting model established by GASB 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments, tightening expectations around clarity, consistency, and analysis across the financial report.

The governmental accounting landscape is evolving, creating new reporting considerations for state and local governments. Join Forvis Mazars for an informative session on recently issued and effective GASB standards, with a focus on GASB Statement No. 103 (GASB 103). Learn about the important changes affecting financial statement presentation, management’s discussion and analysis (MD&A), unusual or…

As airports move through the summer reporting and planning cycle, several developments warrant focused attention from finance and leadership teams. This month’s hot topics include preparing for the impact on financial statement presentation related to adoption of GASB Statement No. 103, Financial Reporting Model Improvements; reviewing the Federal Aviation Administration’s (FAA) draft Airport Improvement Program…